MTH 2017 AGM Managing Director's Presentation FINAL · 2018-06-26 · Title: Microsoft PowerPoint -...

AGM Presentation

Xx August 2017 MTH:ASX | EXPLORATION UPDATE Slide 1David Hutton | Managing Director | 15 November 2017

Drilling high-grade gold in Western Australia

Snapshot

Drilling high-grade gold (WA)

Kombi Gold Prospect

Fenceline Gold Prospect

Generating new zinc targets (WA)

Billy Hills Zinc Project

Generating new copper targets (WA)

Southern Target Area

15 November 2017 MTH:ASX | AGM Presentation Slide 2

Indicative Activity Timetable

Sep Oct Nov Dec Jan Feb Mar

2017 | 2018

Kombi Gold Prospect (WA) Drill program

Fenceline Gold Prospect (WA) Drill program

Billy Hills Zinc Project (WA) Data compilation and target generation

Southern Target Area (WA) EM geophysics


Drilling high-grade gold

• Meekatharra, WA

• Long - lived mining area

• Within trucking distance of

existing gold mills

• Area of new gold discoveries –

i.e. Break of Day / Lena (MGV:ASX)

• 1,000m Reverse Circulation

drill program underway

Fenceline

Kombi


Kombi Gold Prospect

• Mithril earning up to 75%¹

• Shallow historic workings (<10m deep)

with reported production grade of

10.8g/t gold

• +100ppb gold in soil anomaly over 120

metres strike length

• No previous drilling beneath 25 metres

Kombi Gold Prospect – looking southeast alonghistoric Gloria June workings.¹See Notes Specific for details


Kombi Gold Prospect

• Mithril’s maiden drilling returned high-grade

gold at less than 20 metres depth:

4m @ 12.76g/t gold, and

1m @ 5.44 g/t gold

• Intercepts remain open in all directions

• Two lode structures?

• Follow-up drilling underway


Kombi Gold Prospect: two lode structures?

Kombi Gold Prospect – NRC17001 (left) and NRC17004 (right) cross sections. Sections shown at same scale approximately 100 metres apart


Kombi Gold Prospect: two lode structures?


Kombi Gold Prospect: follow-up drill holes


NRC17001 cross section

NRC17004 cross section

Kombi Gold Prospect: yesterday afternoon



• Mithril 100%

• Sub-cropping quartz vein over 120 metres

with rock chip samples up to 8.22g/t gold

• Open to south where covered by surface

gravels

• Never been drilled

• Drilling underway

Fenceline Gold Prospect – looking southeast along zone of quartz veining toward an area of alluvial sheet wash and drainage



Fenceline Gold Prospect – close up photo of ferruginous vein quartz that assayed 3.01g/t gold


Zinc


• Multiple uses - galvanising, steel alloys, batteries, electrical equipment, paints

and pharmaceuticals

• Stockpiles declining

Generating new zinc targets


• Lennard Shelf - West Kimberley, WA

• Historical producer of clean, high-grade zinc

concentrate highly sought after by global

smelting companies

• New Billy Hills Project adjoins the district’s

largest deposit - Pillara

Reported Pre-mine Resources*

Deposit Mt Zn% Pb%

Pillara 18.1 7.7 2.4

Cadjebut 3.2 14.0 4.4

Kapok 2.8 9.6 7.9

Goongewa (12 Mile Bore) 2.4 10.0 2.7

Kutarta 2.3 7.2 0.5

Fossil Downs 2.2 9.5 2.1

*Refer to Western Metals Limited 1999 Annual Exploration Report (WAMEX Report No. A60289) and the website - http://www.portergeo.com.au/database/mineinfo.asp?mineid=mn571.mpanies

Billy Hills Zinc Project

• Mithril 100%

• Covers extensions to key structures that

control Pillara mineralisation

• Multiple outcropping zinc occurrences

• Majority of historic exploration to the north

of Billy Hills on the Pillara Mine Lease

• Data compilation and target generation

currently underway


Billy Hills: importance of structural controls


Billy Hills: scenery


Generating new copper targets

• Meekatharra, WA

• Mithril 100%

• 13 kilometre magnetic trend

• South of Kombi

• Extending from known copper, nickel and

zinc mineralisation

• Completely untested with no previous

drilling or geophysics

• EM geophysics to commence late November

2017


Other Projects


Coompana (SA)

Copper / nickel

SA Government scientific drill program currently underway

Kalgoorlie (WA)

Nickel / gold

Seeking an exploration partner

Leaky Bore (NT)

Copper - cobalt deposit

Seeking an exploration partner

Corporate details

Overview

Shares on Issue: 975M | Options (unlisted): 26.9M

Market Cap (@ 0.3 cents): $2.92M | Cash (end Sept 17 Qtr.): $0.65M | EV: $2.27M

Shareholders: 1,846 | Top 40 hold 36% : 94.3% Retail, 5% Directors, 0.7% Institutions

Directors and Management

Graham Ascough: Non Executive Chairman

David Hutton: Managing Director

Donald Stephens: Non Executive Director and Company Secretary

Jim McKinnon Matthews: Geology Manager


Notes Specific

Footnotes:¹ The Nanadie Well Copper Deposit, the Stark Copper Prospect and the Kombi Gold Prospect lie on tenements owned by InterminResources (IRC:ASX) whereby Mithril can earn a 60% interest by completing expenditure of $2M by 14 April 2019 (approximately $1.24Mspent to date). Mithril can earn an additional 15% by completing further expenditure of $2M over a further 2 years.

JORC Information:Further details (including JORC 2012 Code Reporting Tables, where applicable) for the information included in this Presentation can befound in the following Mithril Resources’ announcements previously lodged with the ASX:

• Gold drilling underway at Kombi and Fenceline - 15.11.2017• High-grade gold drilling at Kombi and Fenceline - 06.11.2017• Quarterly Activities & Cashflow Report Sep 2017 - 25.10.2017• High-grade gold at Kombi - 13.10.2017• New Zinc Project - 21.08.2017• New high-grade Kombi Gold Prospect - 07.08.2017• Drilling results reinforce Nanadie Well copper potential - 01.08.2017• New Meekatharra gold prospect - 28.06.2017• Broad zone of copper sulphides at Stark - 19.06.2017• Exploration and Drilling Update - 06.06.2017• Mineral Resource for the Spargos Reward Gold Deposit• Oz Minerals and Mithril to explore SA's last frontier - 21.07.2016• JORC Basil Cu-Co Resource - 21.03.2012


Competent Persons Statement / Disclaimer

The information in this report that relates to Exploration Targets, Exploration Results, and the Basil Mineral Resource is based oninformation compiled by Mr David Hutton, who is a Competent Person, and a Fellow of The Australasian Institute of Mining andMetallurgy. Mr Hutton is Managing Director and a full-time employee of Mithril Resources Ltd. Mr Hutton has sufficient experience that isrelevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as aCompetent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and OreReserves’. Mr Hutton consents to the inclusion in the report of the matters based on his information in the form and context in which itappears.


This presentation has been prepared by Mithril Resources Limited (Mithril). The information contained in this presentation is aprofessional opinion only and is given in good faith. Certain information in this document has been derived from third parties andthough Mithril has no reason to believe that it is not accurate, reliable or complete, it has not been independently audited or verified byMithril.

Any forward-looking statements included in this document involve subjective judgement and analysis and are subject to uncertainties, risksand contingencies, many of which are outside the control of, and may be unknown to, Mithril. In particular, they speak only as of the dateof this document, they assume the success of Mithril’s strategies, and they are subject to significant regulatory, business, competitive andeconomic uncertainties and risks. Actual future events may vary materially from the forward-looking statements and the assumptions onwhich the forward-looking statements are based. Recipients of this document (Recipients) are cautioned to not place undue reliance onsuch forward-looking statements. Mithril makes no representation or warranty as to the accuracy, reliability or completeness ofinformation in this document and does not take responsibility for updating any information or correcting any error or omission which maybecome apparent after this document has been issued.

To the extent permitted by law, Mithril and its officers, employees, related bodies corporate and agents (Agents) disclaim all liability, direct,indirect or consequential (and whether or not arising out of the negligence, default or lack of care of Mithril and/or any of its Agents) forany loss or damage suffered by a Recipient or other persons arising out of, or in connection with, any use or reliance on this presentationor information. All amounts in A$ unless stated otherwise.

Contact Details

@MTHResources

Website : www.mithrilresources.com.au

Address : 22B Beulah Road, Norwood SA 5067

Email : [email protected]

Phone : 08 8132 8800

MTH 2017 AGM Managing Director's Presentation FINAL · 2018-06-26 · Title: Microsoft PowerPoint -...

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